Brazil's Totvs exits competitive process to buy StoneCo's Linx

Reuters

02/28

Brazil's Totvs exits competitive process to buy <a href="https://laohu8.com/S/STNE">StoneCo</a>'s Linx

SAO PAULO, Feb 27 (Reuters) - Brazilian software company Totvs TOTS3.SA said on Thursday it has decided to withdraw from the competitive process to buy StoneCo's STNE.O unit Linx, according to a securities filing.

Totvs did not provide further details on the decision.

(Reporting by Andre Romani; Editing by Chris Reese)

((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))

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